2024-12-31-accounts

RLGIS-I"bKLD LHAIU'I'Y NiTMBER: 1103581 rtoftheT Financial Ststements for the Year Ended 31 24 for RCCG Livin FAith Connections Stan Kelly & Co Chartered Certified Accountants Suite 2, Wenta Business Centr l Electric Avenue Enfield

RCCG Livin Faith Connections ont nts f the Financial Sta em for the l'ear Ended 31 December 2024 Page Rep)rt of ¢he Trnstees Independent Examiner's Report Statsment of Financial Activitics Balance Sbeet Noles to the FI￿ne￿Il Statemthts 8 to 13 Detailed Statement of Finantial Aelivities 14 to 15

RCCG Livin Faith Conneetions rt of the Trnste for the Year Ended 31 December2024 The trustees present their rep)rt with the financial statements of the charity for the year ended 31 Decemb¢r 2024. The tnJst¢¢s hav¢ adopted th¢ provistons of Accounting and Rewrting by Chariti¢s: Statement of Recommended Practice applicable to charities preparing their accounts in a¢cordance with the Fitwtcial Reporting Standaftl appli¢able in the UK and Republic of Ireland (FRS 102) (effeuive l January 2019). ORJEcfivES AND AcfiviTIES Objectives aims The Objects of the charity are: - The advancement of the christian religion worldwide ' and The relief of poverty worldwide. Public benefit statement In detsmiine how best to putsue theses objectives th¢ trnstees have tak￿ on l)oard the charity commission's general guidance on public benefit and in particular its supplementary publi¢ guidance on the advancement of religion for the public benefit. .It pursucs these objcctive5 by the operatiOD of a centre for christian worship at its premise5 in Barkin&. Es5cx. Wc have severa] community based inltiatives that f￿llS on assisting the disadvantag￿ and the less privileged in our local ￿MMUnity and overseas.. W¢ also make regular donations to several external organisations that are better placed to further advance various ￿Us¢S. Our site 15 accessible kn all when progrdmmes are being tun and events cater for p￿PIe ftDm all wo￿5 of life. This includes youths. children. Single. Marrie￿ men and women. Significant activiti Living faith Connections h&s a policy of supporting up and coming small businesses within the community. Under the agreement for common purposes (see above). Living Faith Connections parish has agreed w make annua] contribution to RCCG (UK). In addTrtion, the church SUPEXJrts missionary organisations such as Festival of Life and the World Evangelical Mission, Afiican Mission and other missions and projects within and outside the UK. The church also provides suppx)rt to members of the cong￿88tiOn ( at the discretion of the trnstees) wTrM) art in need. Volunteers Living Faith Connectiffls is grateful for the efforts of its volunteers who are involved in service provision. It is estimated that about 5000 volunteer hours were provided during the period. If this is conservalively valued at £12.21 per hour.The volunt¢cr efforts amount to over £61,1)00. The rharity en5ur¢s that best valu¢ is derived from the sterling efforts of its volunteer team.

RCCG Livin Faith ConnettiOD5 Re ort ofthe Trusttts for the Year Ended 31 Ikcember 2024 ACHIEVEMEiYf AND PERFORMANCE Charitable activities Im￿cting our tommunity: A5 a purEX)se driven church. we are a beacon and a ligbtknuse to our Lvmmunity, we empha5iz¢ the imFN)rt8n¢e of Relationships of service, Generosity & love to our members. Most itnrK)rtantly, we strive to make our Community Flourish through: Building of relationships with individuals and institutions in the community- Pursuing our goals through social action and outreach to serve the under wiviiege& deprived destitute and those who feel rejected. Providing platfomis for peopl¢ io connect with other through worship, music, drama elc. Strengthening the faith of Christiarts through soulld biblical teachin& fellowship and prnyer. Promoting encouraging other initiative5 that adds to the growth and developtnent of the o)mmunity. We believe that we have been sent to thts part of the world to bring the gospel with its attendant message and assurance of comfort, vi¢tory and hope to p¢opl¢ through ￿tiVe ¢ngag¢m¢t]t. Charitable Aehievements: As part of our aim for communty growth and engagemenL we operate an open d￿r PKJlicy for all prOj￿ts and initiatives run by the council and other organizations wtthin the communtty. BUL did our best to engage and sUPFX)rt people within the community through: Commtknity Evcnt - Wc cncoLtrascd all our MCmb￿S to carry out wmmunity ¢nsos¢m¢nts os a knily Mthffteh we shoivcosed regularly during our setvi¢¢s. Some ofthe initiatives included.. Donation and engagement with the homeless, prnyer walk& hospital visits and donatiOILg, ehatttng to those who needed encouragement and someone to talk with Community Engagements - We resumed our physicdl church and retained the online church to support those who were still unable to att¢nd to h¢alth is5u¢s or just not comfortable in doffing so. Prayer Line". We held a daily prdyer line where P¥&le (%)uld join in to prdy for themselw their families the community. natio￿ and the world at large. confer¢n￿S & Events: Different cOnferen￿S and ¢v¢nts w¢r¢ held online" (financial seminar, family life, marrtage. health etc.) throughout the year. The topics are always TelewanL inier¢stin& and engaging with several breakup groups to address indivtdual questions and to provide supw)rt. Focd bank- In partnership with other local groups, we collect non-perishable items via our fothj bank stand whicb is opened ¢v¢ry Sunday. This is then collated and dropped off at the designated collection points within the borough. lllvestment perforniallce Tlk¥ LtUs1¥¥s hÈlV¥ d¥cided that at p￿sen￿ funds should be rethincd in bat]ks and building societies. Any changes in such banking aTfdngemcnts should bt agrccd by thc board. As far a5 ￿$Sible, fimds will b¢ r¢tsined in interest bearing acciyunts. Page 2

RCCG Livin Faith Connectio Re rt of the Tru5tee5 for the Year Ended 31 December 2024 ACHIEVEMENf AIYD PERFOR￿cE Internal and external factors Factors relevant to achieving objectives The other single most imry)rtant f￿tOr is the commitinent from members both financialty and in voluntsry hours. FINANCIAL REVIEW Financial position During the year, the total income generated was £134.681 { 2023: £134.681). The Charity made a surplus of £3,53) for the yw ended 31 December 2024 { 2023: surplus of £8272). After taking account of the operdtions. the charity's available fi￿dS st(M)d at a d¢fi¢it of £38.407 for the year ended 31 December 2024 (deficit of £41,940 &s at 31 December 2023). Principal funding sourc The charity's principal fiu)ding is through members. voluntary contributiotts and dOn￿lOnS. Reserv£s policy The tn&stees are aware of thc rquircmcnt to havc a rc5ervc w)li¢y in place and aim to maintain a targct balance of & month's worth of fixed operational cost given tim4 to ensure on going delivery of its charitable objects during an unforeseen down turn in in¢om¢. The tNstees are ￿llY aware that the cwrent level of the unrestrirted fi]nd 15 below the required level. The ttustees have plans in hand to address this situ&ion and restore the rese￿￿5 to the level requird This will be achieved, amongst other initiatives by cutting cost wherever wjssiblq whilst most of our reserves have be£n used up duTing the year I￿￿￿se of the e(x)nomic clirnate. Going concern The charity is still trading d￿pIte the ¢hall¢nges experienced during the year. FUTURE PLANS Living Faith Conneaions wntinu£5 to explore ways of evangelising in an effeciive manner by rdi5ing its profile and getting mor¢ involv¢d tn thc cornmuntty. The charity airns to provid¢ s¢rvI￿ ond activiti￿ that are relevant to pwle on a founilation of chrislian tenets and beliefs in a bid to effect change in the mora] and spiritual climate of the local borolfgh and the country at large. Some of its plans include: Working more with the Lx)uncil to develop more community proj¢cts. The charity aims at reathing out k) the youth by opening a youth centre and cr￿ing space for the elderly. This build a happier community and impad the society. will STRucfuRE, GOVERNANCE AND MANAGEMENT Governsng document The ch￿lty is controlled by its governing documenl a deed of trust and constitutes an unincorw)rnted charity. Recruitment gnd appointtnent of new trustees New ttusl¢¢s are aptK)inted on the basis of the contribution they will mak¢ to the governance of the org3mi5atiOtE and the skills th￿ th¢y will LunLtibute. Thvy ￿ p[uvid￿ wi￿1 cupies of tlic Charity Con]tni55l(￿'5 guidance to tsusttts and givcn an introdu¢tion to the activities of the charity by thc existing board. Page 3

RCCG Livin Fgith ConnectiotLS rt vf (hr TruJi¥& for the Year Ended 31 December 2024 STRucfuRL GOVERNMCE AND MANAGEMENr Organisational s¢ructure The church is organised so that the rrustees meet regulaTly to manage its affair5. The minister in charge manages th¢ day to day administration of the church. Conn¢¢t¢d ¢hariti¢s - Living Faith Connections is a parish of the Redeemed Christian Churth of God - a network comprised of chLtrches aIl over the world. There is an agreement for common purtK)se entered into by Living Faith Connections with the Redeemed Christian Church of God whi¢h documents thAs relationship. Induetion and training of new trustees Policies adop*d for the induction and training of trustees. Existing trustees are provided with trainings as and when required. REFERENCE AND ADmI￿1￿[l4T1VE DETAIiS Regislered Charity number 103581 Principal address 301 Lono Riding Basildon Essex SS14 IQR Trustee5 Pastor O Odugbile Pastor C T Adeoye Mr O Osadugba Mr E Adeyemi Independent Examiner Eiiiiii￿1￿el Olokn FCCA Stan Kelly & Co Chartered Certified Accountants Suit¢ Wenta Business Centre, l Electric Avenue Enfield EN3 7XU Approv¢d by order of the board of trnstees on 21 (k￿b￿ 2025 and signed on its behalf by: Pastor O Odugbile- Trns￿e Page 4

Inde ndent Examiner's Re ort to the Trnstees of Livin Faith Connections Indepelldenl examiner's report to the trustees of RCCG Living Faith Connections I rrport to thr rhority trustccs on my cxamination of thc a￿Unts of RCCG Livitis Foith Colm￿tIonS (the Tn￿t} for th* yeAr ended 31 tkcember 2024. Responsibilities and bgsis of report As the charity truslees of the Trust yoii are resEXYDsible ￿ the p￿para￿n of the accounts in accordance with the requirements. of the Charities A¢1 2011 {Ihe Act,). I rep)rt in respect of my exyrnination of the Tws¢'s accounts canied out under Section 145 of th¢ Act and in carrying out my examination I have followed all applicable Direciions given by the Charity Commission under Section 145{51(b) of the Act Independent examinerfs ststement I have completed my examinalion. I confirm that no mat¢rial matters have come to my artenuon in connection with the examination giving me cause to believe that in any material re4)ect: accounting records were not kept in resFrtt of the TTUSt &% required by Section 130 of the Act. or the accounts do not accord with th(L%e re¢ords; or the accourAts do not comply with thc applicable requirements conceming the forni and content of accounts sel out in the Charities (Accounts and Reports) Regulatio￿8 2￿8 other than any requirement that th¢ accounts give a true and fair view which is not a matter conSide￿d as part of an itmlependent examination. I have no concerns and have come acmss no other rnatteTS in Lx)nnection with the exwnination to which attention should be drdwn in this report in order io enable a propcr understsnding of the ac(x)unts to b¢ reached. DrE manuel Oloke. FCCA Stan Kclly & Co Chartcrcd C¢rtifi¢d A¢¢ountants Suite 2. Wenta Business Centre. l Ele¢tri¢ Avenue Enfield EN3 7XU 21 October 2025 Page 5

RCCG Li￿￿ Faith Conneetions Statemeni of Financial Activities for the Year Ended 31 December 2024 31.12.24 Unrestricted fund 31.12.23 Total funds INCOME AND ENDOWMENfs FROM Don￿l￿nS and legacies 126J99 lJ4.681 EXPENDITURE ON Charitable activities Charitable adivities I20,￿6 121,358 Other 1160 5,051 Totsl 123,066 126.409 NET INCOME 3533 8272 RECONCILL4TION OF FUNDS Total fi￿d5 brought forwatd (41940) (50,212) TOTAL FUNDS CARRIED FORWARD {38,407) (41.940) The note5 fonn part of these financial 51*ements Page 6

RCCG Livin Faith Collllections Balance Sheet 31 Deeember 2024 31.12.24 Unrestricted fund 31.12.23 Total nds Notes FIXED A&SETS Tangible assets 132J98 131551 CURREi¥T ASSETS Cash at bank and in harml (23,188) (23.554) CREDITOILS Amounts failing due within one year (147,617) (150.937 NET CURREiYf ASSETS/(LIABILITIESI (170W5) (174.491 LIABILITIES (3&407) {41,940) NET ASSETSI{LIABILITIES) 138,407) (41.940) FUNDS Unrestricted funds (3&407 } (41,940) TOTAL FUNDS (38,407 > (41,940) The fiiiwi¥ial siaLrJnvnts were approved by the Board of T￿￿teeS and authorised tor issue on 21 October 2025 and were signcd on its behalf by: Pastor O Odugbile- Trustee PLstor C T Adeoye- Trustee The notes forn) part of these financia] Page 7

RCCG Livin Faith Connections rio e Financthi Ststetnents f r the Yegr EDded 31 December 2024 ACCOUNfiNG POLICIES Basis of preparing the flnancial stgtements The f￿an(la1 5tat¢menls of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charitics SORP (FRS 102) 'Accounting and Reporting by Chariti¢s: Statement of Recommended Practtce applicable to eharities preparing their accounts in accordance with the Financia] Reporting Standard applicabl¢ in th¢ UK and Republic of Ireland (FRS 102) (effcctivc l January 2019),. Financial Reporting Stsndard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial stslemenls have b¢en prepared under the historical cost convention. Income All inwme is ]Ecognised in the Statement of Fil￿¢1￿1 Activities once the charity h&5 entitlement to the fvnds. ti is probable that the income will be received and the amount can b¢ measu￿1 ￿lIablY. Expenditure Liabilities are re¢ognised as expenditure as s(x)n &s there is a legat or wnstru¢tive obligation committing the ¢harity to that expenditure, it is probable a transfer of economic benefits will be r¢quir¢d in sertlement and the amount of the obligation can b¢ masur¢d r¢liably. Expenditure is accounlsj for on an accruals b8sis and has been classified under headings that aggregate a]1 cosi related io the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a b&%is consisteni with the use of resources. TADgible r￿ed *ssets Dcpreciation is provided at the following arffival rates in order to ￿lte off each &sset over its estimatrd usefid life. Plant and M￿hinery Fixtures and fittings Computer equipment 21f/o on Cost 2￿/0 on cost 2￿/0 on cost Taxation The charity is exempt from tsx on its chaTitable activities. Fund accounting Unr￿tr1ded futtds can bc uscd in accordan¢¢ with th¢ ¢lTrnritllble objectives at the discretion of the tntsteeB. Restrictcd funds only be used for E)articular restricted purwses within th¢ objects of the charity. Restri¢tions arise when specified by the donor or when funds are rdised for particular restricted puwes. Further explanat&on of the nature and PUTpose of each fimd is included in thc notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating le15es are charged to the Ststemenl of Financial Activities on a straighi line basis over the peTiod of the lease. continued...

RCCG Livin Faith Conneetions IYotr¥ tv the Financi¥l Ststernellts- cvutillued for the Year Ended 31 December 2024 TRUSTEES, REMUNERATION AND BENEFITS One ttvstee was engaged as a pastor and paid £33,400 as stipend and allowance for the year ended 31 December 2024. ( £4E.846 for the yvdr ended 31 tkcember 2023). Trnstees, expenses There were no trUs￿e$. expenses paid for the year ended 31 December 2024 nor for the year ended 311)ecember 2023. AFF COSTS The average monthly number of employe￿ during the y¢or was as frlliows: 31.1124 31.12.23 Management and suptx)rt staff No employecs rcccivcd emolumcnts in cxcc5s of £60,￿0. COl￿PARATIVEs FOR THE STATE.MENT OF FINANCIAL AcrtVlTIES Unrestricted fund INCOME AND ENDOWMEiYfs FROM Donations and l¢gaci¢s 134,681 EXPELYDITURE ON Charitsble activities Charitable activiiies 121,358 5,051 Total 126,409 NET INCOME 8,272 RECONCILIATIOIY OF FUNDS Total funds brought forward (50,212) TOTAL FUNDS CARRIED FORWARD {41,940) Page 9 continued...

RCCG Livi Failh ConDects)ns Noi t the Flnanclal Statements- contlnueil for the Y￿r Ended 31 December 2024 TANGIBLE FIXED ASSETS Itnprovements FiX￿re5 and fittings Plant and machinery propeity COST At l January 2024 and 31 Decernber 2024 199.419 26025 97,049 DEPRECIATION At l January 2024 Charg¢ foryear 26213 At 31 December 2024 78,6 26J06 NET BOOK VALUE At 31 December 2024 120,729 459 112w) At 31 December 2023 120.T29 612 1121)0 Computer quipment vthi¢l¢s Totals COST At l January 2024 and 31 December 2024 40,910 58J65 422508 DEPRECIATION Ai l January 2024 Charge for year 40,910 58J55 2￿,017 153 At J l ve￿Mber 2024 40JIO 58J55 290,170 NET BOOK VALUE At 31 December 2024 io 132J98 Ai 31 December 2023 10 132.551 Page 10 continued...

RCCG Livin Faith Connertions Iyotes to the tr'inanci41 Stst¢tnents- coiitinued for the Year Ended 3 r 2024 CREDITORS: AMOUNTS FALLING DUE WtrHIN ONE YEAR 31.12.24 31.12.23 Other creditot5 147,617 150,937 MOVEMENT IN FUNDS movement in fi]nds At 31.12.24 At 1.1.24 Unrestricted funds General fund {41940) 3&13 (3&407) T(YfAL FUNDS {41940) 3,533 (38,407) Net movement in ￿ndS incI￿je￿ in the ab)v¢ are as folloms.. Incoming Resources expended Movement in funds Unrestrirted futt General fvnd 126599 (123,066) 3533 TOTAL FUNDS 1269)9 (123,066) 3533 Comparntives for movement in fvnds Net movement in fi￿d$ At 31.12.23 At 1.1.23 Unrestrirted funds General fjjnd (50.212) .272 (41,940) TOTAL FUNDS (50,212) 8,272 (41,940) Page 11 continued...

RCCG Livin Faith ConDe¢tions otes to the Fitiancial StatemellLS- eontinued for the Year Ended 31 December 2024 MOVEMENT IN FUNJ)S- cottttnued Compardtive net movement in funds. included in the above are as follows.. Incoming Resour￿5 expended Movctncnt in funds Unrestrieted funds General fvnd 134.681 (126.409) 8.272 TOTAL FUNDS 1)4.681 (126.409) 8.272 A current year 12 rn¢)nths and prior year 12 months Combin￿ wsition is as follows.. Net rnovement in funds At 1.1.23 31.12.24 Unreslricted fuD(Ls G¢neTh￿ fiind (50212) 11.805 (38.407) TOTAL FUNDS (50.212) 11,805 (38.407) A cutTent year 12 months and prior year 12 months combined net movement in fimds. included in the above are as follows: Inc()mlng Movement in funds expended Unrestricted funds General fimd 261280 (249,475) 11.805 TOTAL FUNDS 261280 (249,475 } 11,805 Page 12 continued...

RCC Livin Faith Connections rioies io tkne Finallclal sthiemeDLS- conliDued f r the Year Ended 31 December 2024 RELATED PARTY DISCLOSURES There were no related paty transactions for th¢ year ended 31 December 2024. Page 13